In this week’s edition:
Alabama legalizes medical cannabis; Montana legalizes adult use
FTC imposes fines for CBD marketing
Nigeria plans to legalize cannabis farming
Sam Adams and Rite Aid show interest in cannabis and CBD products
And more…
States
AL - Alabama Governor Kay Ivey (R) signed the state’s medical cannabis legalization bill into law on Monday. The relatively restrictive Alabama Compassionate Act includes low dosage limits and prohibitions on smokable flower, vaping, candies and baked goods. Vertically integrated license holders may operate up to five dispensaries, and dispensary license holders are allowed up to three locations. Business license applications are to start by September 1, 2022.
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HempFusion Commends the Proposed Hemp Access and Consumer Safety Act
HempFusion is One of a Select Few Brands Prepared for FDA Compliance HempFusion Wellness Inc. a leading health and wellness Company offering premium probiotic supplements and products containing CBD, commends the Hemp Access and Consumer Safety Act filed by Senators Ron Wyden Rand Paul and Jeff Merkley that aims to add hemp, hemp-derived cannabidiol, or a substance containing any other ingredient derived from hemp … HempFusion is One of a Select Few Brands Prepared for FDA Compliance (TSX:CBD.U) (OTCQX:CBDHF) (FWB:8OO) (“HempFusion” or the “Company”), a leading health and wellness Company offering premium probiotic supplements and products containing CBD, commends the Hemp Access and Consumer Safety Act (the “Act” or “Bill”), filed by Senators Ron Wyden (D- Ore.), Rand Paul (R-Ky.) and Jeff Merkley (D-Ore.) that aims to add hemp, hemp-derived cannabidiol, or a substance containing any other
A glance at some of the day s highlights from the Proactive Investors US and Canada newswires Your daily round-up from the world of Proactive
KULR Technology Group Inc (OTCQB:KULR) posted first-quarter results that saw its revenue jump 439% year-over-year on the back of new orders for products and engineering services from military and aerospace customers. For the period ended March 31, 2021, the San Diego, California-based company reported revenue of $417,905, compared to $77,500 in the first quarter of 2020. The company chalked up the bump in revenue to “new orders received for products and engineering services for military and aerospace customers.” “The company continues to build its relationships with a wide range of energy, transport and aerospace partners and actively served 13 customers in the quarter,” said KULR.